Discuss rising costs of colleges, books, tuition and how the desire to give more

Question

Discuss rising costs of colleges, books, tuition and how the desire to give more people access to college requires us to rethink pricing structures.

Equity Method for Stock Investment On January 4, Year 1, Ferguson Company purchased 70,000 shares of Silva Company directly from one of the founders for a price of $57 per share. Silva has 250,000 shares outstanding, indluding the Daniels shares. On July 2, Year 1, Silva paid $189,000 in total dividends to its shareholders. On December 31, Year 1, Silva reported a net income of $643,000 for the year. Ferguson uses the equity method in accounting for its investment in Silva a. Provide the Ferguson Company journal entries for the transactions involving its investment in Silva Company during Year 1 Year 1 Jan. 4 b. Previous Next 221 PM 11/27/2017

Explanation / Answer

This change basically shows how the educational institutions are leveraging on the demand for quality education. The countries around the world are giving a lot of importance to the education sector and also encouraging people to start a new educational institution to provide quality education to their citizens. This is a very good sign for the world economy as the people get education and start doing better jobs to make a living. This directly adds value the government in the form of professional and income tax. The middle class in on the rise worldwide and the families encourage children to study and get a professional degree. This change in the society has given the educational institutions the freedom to play with the tuition fee. The tuition fee also determines the standard of education in a country like India where the technical education is given the utmost importance. This has only created a division in the society instead of uniting people under one platform called quality education.

So the governments need to come up with a law to fix a standard tuition fee and ask all the institutions to follow that. This thinking needs to change as the intelligence is nobody's asset so each student should get equal opportunity to study in the best school or college. This will encourage all the parents to send their kids to good schools and colleges and everybody gets an equal opportunity to prove themselves irrespective of their social status. A sense of unity will be created among the various classes of the society and it improves the overall education system of a country.

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